Why Traders use Excel?
Yes — Excel (and similar spreadsheet tools like Google Sheets) is widely used by traders, and not just for basic math.
Why traders use Excel?
- It doesn’t require coding knowledge. Traders can quickly build dashboards, track positions, and calculate risk metrics.
- It works as a front-end for data feeds. Many firms connect Excel to APIs or DLLs to display live prices, order books, and positions in real time.
- With Excel Python integration now widely available, traders can plug in advanced data analysis libraries (Pandas, NumPy, Matplotlib, etc.) directly into their spreadsheets. This means an IT team can code a strategy in Python, and the trader can operate it comfortably through Excel.
Why traders use Excel for crypto trading?
The crypto ecosystem is API-first — nearly every exchange provides free APIs, and countless data hubs offer market, historical, and derivatives data. This has opened the door for tools that connect these APIs directly into Excel.
Some popular solutions include:
- Cryptosheets
- Alphalake
- LinkyFlow
- CryptoExcel
What CryptoExcel does
CryptoExcel is a Python-powered Excel add-in that connects Excel to 100+ crypto exchanges in real time. It lets you:
- Stream live prices, books, trades, OHLCV data
- Track your balances and open positions
- Send and cancel orders securely, without leaving Excel
In short, it’s like having your crypto exchange inside Excel.
Why this matters
Excel democratizes trading. It gives independent traders and retail investors access to the same type of data and analytics once reserved for banks and hedge funds. With the right add-ins, a retail trader can build professional-grade dashboards and portfolio trackers — without writing a single line of complex code.